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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (532361)	11/24/2009 1:38:20 PM
From: i-node	Read Replies (1) \| Respond to of 1575803

>>> Companies hire when business demands in, not based on politics. Okay. Then explain THIS: kaiserhealthnews.org

To: Road Walker who wrote (532361)	11/24/2009 5:45:24 PM
From: TimF	Respond to of 1575803

The point is to target unemployment for a softer landing and to stop or soften the backslide. But the effort also causes some jobs to get eliminated in the short term. That's even just counting the stimulus (which probably has at least for the short term, caused some greater degree of people to be employed, even if at a huge cost for a relatively small number of jobs), counting other changes and proposed changes the argument for the new policies being a job creator in the short term becomes much harder to make. And if jobs are created, many of them are likely to be very short term, directly in response to all the handouts, and then end when the handouts end. In the meantime you prevent changes to jobs that can last and can productively produce things that people really need. Also the political/regulatory uncertainty prevents hires that would otherwise have happened. That's BS. Companies hire when business demands in, not based on politics. They anticipate the future. Anticipation of higher taxes pushes down hiring. General uncertainty about how politics may affect your business pushes down hiring. The harder it is to fire someone the stronger this effect is. Fortunately its usually not to hard to fire someone in the US, but their are exceptions. Also labor skills are more differentiated in the past so the costs and time to get a new employee up to speed can often be higher. That also causes an increase in the reluctance to higher in a climate of uncertainty. A depression would have created a lot more destruction of wealth. As would the earth exploding, which is only slightly more of a non-sequitur.